On Wednesday, shares of Ocean Power Technologies, Inc. (NASDAQ:OPTT) marked $2.15 per share versus a previous $2.30 closing price. With having a -6.52% loss, an insight into the fundamental values of Ocean Power Technologies, Inc., investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. OPTT showed a rise of 147.13% within its YTD performance, with highs and lows between $0.33 – $3.72 during the period of 52 weeks, compared to the simple moving average of 179.50% in the period of the last 200 days.
H.C. Wainwright equity researchers changed the status of Ocean Power Technologies, Inc. (NASDAQ: OPTT) shares to a “Neutral” rating in the report published on February 25th, 2015. Other analysts, including Ascendiant Capital Markets, also published their reports on OPTT shares. Ascendiant Capital Markets repeated the rating from the previous report, marking OPTT under “Strong Buy” rating, in the report published on May 9th, 2013. Additionally, OPTT shares got another “Buy” rating from UBS, setting a target price of $14 on the company’s shares, according to the report published in July 17th, 2008. On the other hand, UBS Reiterated the “Buy” rating for OPTT shares, as published in the report on March 20th, 2008. B. Riley & Co seems to be going bullish on the price of OPTT shares, based on the price prediction for OPTT, indicating that the shares will jump to $18.50, giving the shares “Buy” rating based on their report from August 20th, 2007. Another “Outperform” rating came from Bear Stearns, providing a prediction for $18.50 price target according to the report published in June 14th, 2007.
[bold-text]Ocean Power Technologies, Inc. (OPTT) Analysis[/bold-text]
The present dividend yield for OPTT owners is set at 0, marking the return investors will get regardless of the company’s performance in the upcoming period. In addition, the growth of sales from quarter to quarter is recording 0.00%, hinting the company’s progress in the upcoming progress.
In order to gain a clear insight on the performance of Ocean Power Technologies, Inc. (OPTT) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of -104.20% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at 4.60 so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.
Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while OPTT is currently recording an average of 9.13M in volumes. The volatility of the stock on monthly basis is set at 25.06%, while the weekly volatility levels are marked at 30.72%with -27.85% of loss in the last seven days.
[bold-text]What to Look for When Analyzing Ocean Power Technologies, Inc. Shares?[/bold-text]
Ocean Power Technologies, Inc. (OPTT) is based in the USA and it represents one of the well-known company operating with Industrials sector. If you wish to compare OPTT shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of for Ocean Power Technologies, Inc., while the value can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value -1.32 is supported by the yearly EPS growth of 84.90%.
Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 0.15%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts 1.00% of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.
[bold-text]Are Institutional Investors Increasing Stakes in OPTT Shares?[/bold-text]
It appears that more than several institutional investors and hedge funds decided to increase stakes in OPTT in the recent period. That is how Virtu Financial BD LLC now has an increase position in OPTT by — in the first quarter, owning 29203 shares of OPTT stocks, with the value of $29495 after the purchase of an additional 29,203 shares during the last quarter. In the meanwhile, The Vanguard Group, Inc. also increased their stake in OPTT shares changed 0.00% in the first quarter, which means that the company now owns 18163 shares of company, all valued at $18345 after the acquisition of additional 0 shares during the last quarter.
HRT Financial LLC acquired a new position in Ocean Power Technologies, Inc. during the first quarter, with the value of $14867, and Prestige Wealth Management Group increased their stake in the company’s shares by 0.00% in the first quarter, now owning 0 shares valued at $1010 after the acquisition of the additional 1000 shares during the last quarter. In the end, UBS Financial Services, Inc. increased their position by 0.00% during the first quarter, now owning 91 OPTT shares, now holding the value of $92 in OPTT with the purchase of the additional 0 shares during the period of the last quarter. At the present, 1.00% of OPTT shares are in the ownership of institutional investors.